Information For NYC Renters

Q.

What will I be asked to provide?

A.

For the average rental apartment in Manhattan, you will be asked to provide:
A letter of employment or an acceptance letter for a new job
A copy of a recent paycheck stub
A copy of your most recent tax return
A copy of a recent bank statement
A copy of a valid photo ID (driver's license or employment ID)
A landlord reference letter (when applicable)
Guarantor information (when applicable).

To rent an apartment in New York, most landlords require that you earn a minimum
of forty times the rent and have at least one year on your current job. If you
do not earn forty times the rent, often landlords will require a guarantor. A
guarantor is an individual who is willing to co-sign your lease. Guarantor
requirements vary from owner to owner, however, typically most owners prefer a
guarantor within the tri-state area, earning in excess of seventy times the
rent.

Q.

What is the average financing necessary to rent a typical apartment?

A.

One month rent
Security deposit (typically, the equivalent of
one month rent)
$60.00 per applicant for credit check
Broker's
fee: Please note that we have many, many "no fee" apartments and many,
many exclusives where the customary broker's fee of 15% of annual rent
does not apply.

Q.

What are the typical lease periods for an apartment?

A.

On the average, most rental leases are either a one or two year lease.

Q.

Are pets allowed?

A.

Although some owners will accept cats and dogs, most do not (if you have a
pet, please disclose this to your real estate agent).

Q.

How do I secure an apartment once I decide I want it?

A.

You will need to give your rental agent a deposit and provide us with the requirements
listed above.

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